This book shows you that effective investment can be simple, how anyone with just an hour or two to spare each week can double their wealth in ten years; double it again in the decade after that; and then double it once more - to make an eight-fold increase of capital in 30 years.
The strategy for this should work even if the current miserable investment climate persists for all those years.
And it requires minimal time and effort.
This isn't a get-rich-quick guide. It is a get-rich-slow guide, a get-rich-reliably guide.
There are all sorts of books out there that tell you how to double your money in five years or even three years. Most were written back in the 1990s when double-digit stock market returns were the norm, and most also require - if they work at all - a dedication to trading which is both anxiety-inducing and costly in terms of time.
They are all about taking risk. This guide is not.
Written by a veteran investor and finance writer, this book is all about building as much certainty as possible into your returns right from the very start.
About the Author
Nick Louth is a freelance journalist and a successful professional investor.
Since 2000 he has been an investment columnist for the Financial Times, a regular contributor to Investors Chronicle and from 2012 a columnist for Money Observer. From 1986-1998 he worked as a financial correspondent for Reuters.
Multiply Your Money, Nick's UK savings and investment guide was published by McGraw-Hill in 2001. His comic Bernard Jones Diaries column for the Investors Chronicle has led to three books, Funny Money, Bernard Jones & The Temple of Mammon, and Dunces with Wolves which are published by Harriman House. His thriller, Bite, is available from Ludensian Books.
Born in 1958, Nick Louth was educated at the Woodlands School, Coventry and from 1976-1979 at the London School of Economics.
He is married and lives in Lincolnshire.
The author offers private investment reviews for individuals. See website for details.
Table of Contents
1. The Magic of Compound Interest
2. The Rule of 72
3. The Investment Challenge
4. Why Consistent Performance Matters
5. Why Income is Crucial
6. Comparing Assets
7. Dealing with Costs: Why 1% is a Very Large Number
8. Building Contributions
About the author